Skanska claims 20% of CEE office market in 2015; promises more in 2016

Office Market

press release

Skanska Commercial Development Europe last year signed final sales agreements for 11 office buildings in Central and Eastern Europe, accounting for roughly 20% of the estimated €2.4 billion in transaction volumes in Hungary, Czech Republic, Poland and Romania, according to a statement from the company released today.

A plan of the Nordic Light Building.

After a big 2015, the company was promising a lot of activity this year, including in Hungary.

“Last year was an important time for us as we conducted the largest office transaction in the history of Skanska’s CEE activity – a four building portfolio sale, comprising projects located in two Polish regional cities, Krakow and Katowice. It was also the largest transaction conducted in the CEE office market in 2015,” Adrian Karczewicz, Transaction Director at Skanska Commercial Development Europe (CDE), was quoted as saying in the statement.

“This year is very important for Skanska in Hungary as our on-going A-class LEED Gold pre-certified office project Nordic Light will be completed and handed over to the tenants. It consists of two phases which will be delivered in May and in September 2016,” according to the statement, which added that the Nordic Light building on Váci út will has 26,200 sqm of gross leasable area.

“Nordic Light is the only fully speculative office project on the Váci Corridor that will be handed over in 2016. Many international companies like Schneider Electric, M&C, BASF, Harman decided to relocate their offices into Nordic Light and further lease negotiations are close to being finalised.” said Marcin Łapiński, Managing Director at Skanska Property Hungary and Romania, according to the statement.

Lender Liquidity Increases Further Banking

Lender Liquidity Increases Further

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Home Rental Rates in Hungary Rise 11.7% in March Residential

Home Rental Rates in Hungary Rise 11.7% in March

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.